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Mack-Cali Acquires New Jersey Community for $264M
Roseland Residential Trust, a multifamily arm of the REIT, purchased a 377-unit luxury apartment building in Jersey City, N.J., from seller AEW.
Occupancy Down, Rents Up in Post-Hurricane Houston
Overall occupancy declined over the past year, as the aftermath of Hurricane Harvey continues to be felt, according to the latest report by Berkadia. Development is focused in the downtown core, where average rents grew by 4.3 percent.
Terra Group Starts Leasing of Pembroke Pines Community
The new 387-unit luxury Pines Garden at City Center is part of the firm’s Pines City Center master-planned village in Florida.
GSA Group, Harrison Street to Invest $846M in Spain Student Housing
The partners plan to acquire more than 10,000 beds in Madrid, Barcelona and other major university cities across the country.
Top 10 Multifamily Completions in the Pacific Northwest
Demand for new residential units in the Pacific Northwest was very strong during the last 12 months, bolstering development especially in the high-end segment.
NYC Mixed-Use Project Advances with 2 Residential Towers
TF Cornerstone is developing the second phase of Hunters Point South, a master-planned community in Queens’ Long Island City neighborhood. The new high-rises will add 1,194 residential units to the site along the East River.
Round Hill Capital Invests in Florida Workforce Housing
European fund manager Round Hill Capital is raising its profile in the U.S. by teaming up with Affiliated Development for a series of workforce housing investments, starting with a 142-unit project in Fort Lauderdale.
Upscale Mixed-Use Community Opens in LA
Developed by the Korda Group, the 138-unit luxury apartment building was designed to blend into the surrounding neighborhood’s Art Deco style.
Lang Partners Breaks Ground on Fort Worth Community
The Dallas-based developer is bringing the high-end, 390-unit project to the city’s Near Southside district, a neighborhood in the midst of revitalization.
CareTrust REIT Closes $211M Senior Housing Acquisition
The 12-property portfolio totals 1,734 beds across Louisiana and Texas. The seller is an affiliate of BM Eagle Holdings LLC.